ProGreen US Inc. (fka PGUS)

[tigerpac]

Here are the quick details of the two other convertible notes outstanding:

Tangiers: $105K ...180 days expiration on 9/21

Bellridge: $105K....180 days expiration on 9/15.

Apparently its takes far longer for conversion of crop picking to cash. I wonder if the grower pays them on the spot or stretches them out 30-60 in payments? Since there is a lack of cash flow I'd say the latter is more likely in this case.